Applicable to both Cross Margin and Isolated Margin accounts, there are a few measures of risk control in place for new / first-time Binance Margin account holders.
Via client (web/app)
When a user initiates the first transfer request via client (web/app), if the risk control rule detects risk, the user will be guided to complete a facial verification. After successful verification, the funds will be automatically transferred into the Margin account. The user can then operate normally.
Via SAPI
When a user initiates the first transfer request via SAPI, if the risk control rule detects risk, the request will be rejected. The rejected message is: "Opening a margin account is currently restricted. To proceed, please complete the risk assessment. Please check Binance Margin Account Opening Risk Assessment FAQ for details."
If this is the case, please try performing the transfer via the client (mentioned above).
Additional Notes:
1. I cannot complete facial verification; the facial verification window does not pop up and keeps showing an error.
Please contact customer support for assistance.
2. After opening my account via client, will subsequent transfers via SAPI be rejected again?
Currently, the risk control rule only applies to the first transfer for account opening.
3. After opening an isolated margin BABYUSDT account and completing facial verification once, will I be required to verify again when opening a KMDUSDT isolated margin account?
Isolated margin accounts are independent from each other, so the user may need to complete facial verification for each isolated margin account they open.
